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Sep 6, 2012
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obama has done it in less than four years. we need a fact check here. >> let's do a fact check on whether it was contracting between 0 and 4% and we were headed toward a great depression. >> we had a very large financial collapse right at the end of the bush administration. it was over in june of 2009 according to the economists. >> you're both terrific. both making strong points. mayor, uh appreciate you coming wrong. governor haley barbour, thank you for coming on. maybe we'll have the same twosome go at it again. maybe obama will say he'll need a few more years to get america's problems solved. really? [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all
obama has done it in less than four years. we need a fact check here. >> let's do a fact check on whether it was contracting between 0 and 4% and we were headed toward a great depression. >> we had a very large financial collapse right at the end of the bush administration. it was over in june of 2009 according to the economists. >> you're both terrific. both making strong points. mayor, uh appreciate you coming wrong. governor haley barbour, thank you for coming on. maybe...
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Sep 4, 2012
09/12
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four years ago, barack obama carried all 11 of these states. we've also seen the president's job approval has been slipping in these states. part of this may be a convention bounce. part of it is these swing states by definition are very close and will likely to stay that way for at least a coup of weeks. >> is it fair to say in your numbers romney has the lead right now? >> romney has the lead. i'm not a gambling person, larry. i bet romney maybe has the edge and i bet a lit bit, but i wouldn't bet a whole lot of money. it's a very close election, jobs reports, other economic indicators are going to play a key role. neither candidate has broken out at all in the last two months. >> appreciate it. coming up, it's the democrats' turn to celebrate? what do they have to celebrate about. four years of out of control spending? 8.3% unemployment? record gas prices? well, our congressional panel is going to chew on the question, are you better off now? that is next up. you know why i sell tools? tools are uncomplicated. nothing complicated about a pai
four years ago, barack obama carried all 11 of these states. we've also seen the president's job approval has been slipping in these states. part of this may be a convention bounce. part of it is these swing states by definition are very close and will likely to stay that way for at least a coup of weeks. >> is it fair to say in your numbers romney has the lead right now? >> romney has the lead. i'm not a gambling person, larry. i bet romney maybe has the edge and i bet a lit bit,...
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Jul 8, 2013
07/13
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in the obama years he becomes a free spending tstimulus guy. i don't know if he is for obama care, would the real larry summers please stand up, dean? >> the obama years he had to deal with the fallout from the clinton years. that got us on the bubble of the economy of the 90s. that got us in a stock bubble that burst that got us to the session in 2001. we got knew the housing bubble which guess what, burst. that gave us the catastrophe that we needed and large stimulus to boost the economy. >> do you blame summers for the housing bubble? because that occurred in the clinton years. >> well, it began in the clinton years. >> that's right. >> i think summers began -- >> it began. >> it began. bush was sitting there and the idea that he couldn't do anything to change the course, i don't necessarily have great respect for president bush's economic abilities. he was sitting there. he had plenty of time to change courses. >> i just wanted to ask that. dan mitchell, let me come back to the principle matter at hand, with i is a 15% tax on the repatriat
in the obama years he becomes a free spending tstimulus guy. i don't know if he is for obama care, would the real larry summers please stand up, dean? >> the obama years he had to deal with the fallout from the clinton years. that got us on the bubble of the economy of the 90s. that got us in a stock bubble that burst that got us to the session in 2001. we got knew the housing bubble which guess what, burst. that gave us the catastrophe that we needed and large stimulus to boost the...
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Sep 19, 2013
09/13
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more simply delaying obama care for a year. you got to make sure medicare doesn't expand. you need a growing economy and tax reforms. all those things are on table and we'll discuss that early tomorrow morning and what we'll do on the debt ceiling even before we finish the cr. >> the debt ceiling stuff adds another dimension to it. more risk, maybe more opportunities. congressman tim huelskamp thank you. brian kelly, alan young will talk about stocks and gold and the dollar and a really dovish fed. this could be the janet yellen fed ahead of the time. later on a world renown hospital that president obama has praised twice in big speeches, that hospital is now saying it needs to cut thousands of jobs and $330 million out of its budget because of obama care. my take? other hospitals are going to follow suit. don't forget, folks, free market capitalism is the best path to prosperity. that's going tested with government spending restraint over the cr and the debt limit coming up in a couple of weeks. i'm kudlow. please stay with us
more simply delaying obama care for a year. you got to make sure medicare doesn't expand. you need a growing economy and tax reforms. all those things are on table and we'll discuss that early tomorrow morning and what we'll do on the debt ceiling even before we finish the cr. >> the debt ceiling stuff adds another dimension to it. more risk, maybe more opportunities. congressman tim huelskamp thank you. brian kelly, alan young will talk about stocks and gold and the dollar and a really...
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Sep 11, 2012
09/12
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obama years and the military and cia efforts continue. phish has doubled the number of agents dealing with counter-terrorism. nypd has 1,000 cops in new york city alone dedicated to fighting terrorism but we see the plots continuing. we have seen the underwear bomb plots on planes and zazi try to attack our subways, more than a dozen attacks since 9/11 alone. ray kelly has talked to you about this. more than a dozen plots targeting the city and good policing and intelligence targeted many of them and sometimes good luck. we're safer but not yet safe. >> you have -- ray kelly, in my opinion, is the greatest police commissioner this city has ever had and put together a phenomenal operation to make us safe. are the security law enforcement breaks working together satisfactorily? >> there's always that competition, especially here in new york between agencies. you have joint terrorism forces not only in new york but they've grown, agencies working together, sharing intelligence and cooperating, doing great work behind the scenes. a lot of cas
obama years and the military and cia efforts continue. phish has doubled the number of agents dealing with counter-terrorism. nypd has 1,000 cops in new york city alone dedicated to fighting terrorism but we see the plots continuing. we have seen the underwear bomb plots on planes and zazi try to attack our subways, more than a dozen attacks since 9/11 alone. ray kelly has talked to you about this. more than a dozen plots targeting the city and good policing and intelligence targeted many of...
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May 10, 2012
05/12
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three years, why has it still not worked? i say start with the architect of obamanomics, larry summers, you won't want to miss it. >>> also, talk about another pea-brain regulation, a $4 billion proposal to label those with cy bladder syndrome disabled, requiring business to rebuild bathrooms to accommodate those who are pee shy. >>> and a stunning admission minutes ago, jamie dimon said the banks had a $2 billion trading loss since the end of march. the stock is falling, cnbc's mary thompson joins us now with the details. good evening, mary. >> good evening to you, larry. dimon called the losses egregious mistakes committed to by the chief investment office. the portfolio used to manage interest rate and credit risk. those losses linked to trades aimed at reducing a short position on credit. jpmorgan set up to protect the bank in times of severe credit stress. on a conference call earlier tonight, dimon called the trades poorly executed and poorly monitored. >> i know it was done with the intention for jpmorgan, but i'm tell
three years, why has it still not worked? i say start with the architect of obamanomics, larry summers, you won't want to miss it. >>> also, talk about another pea-brain regulation, a $4 billion proposal to label those with cy bladder syndrome disabled, requiring business to rebuild bathrooms to accommodate those who are pee shy. >>> and a stunning admission minutes ago, jamie dimon said the banks had a $2 billion trading loss since the end of march. the stock is falling,...
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May 31, 2013
05/13
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doug holts eakin, one thing in obama's plan, if i understand this right, forgiveness, there a 20-year forgiveness, takes this the heat off payment and puts it off on taxpayers. is that true? >> there is a steady strend trend for steching out period, using income based payments. larry the thing i found mystifying about today's photo op and fighting words, as you point out the house passed a bill. it's a market-based permanent solution. i saves taxpayers as you pointed out $4 billion. it's cheaper for every borrower right now. it's better than the price fixed extension the democrats want. it's basically what the president called for in his own bucket. i know he is fighting with somebody, is he mad at the senate democrats or his own budget? >> that's what he asked. you are right. they are trading off the treasury bond, i understand that. he wants this income-based idea that you mentioned and he wants loan forgiveness, doug. i want to ask you this. let's step back a second a. trillion dollars of student loans or more, heavily subsidized, these stafford loans be i the federal government. n
doug holts eakin, one thing in obama's plan, if i understand this right, forgiveness, there a 20-year forgiveness, takes this the heat off payment and puts it off on taxpayers. is that true? >> there is a steady strend trend for steching out period, using income based payments. larry the thing i found mystifying about today's photo op and fighting words, as you point out the house passed a bill. it's a market-based permanent solution. i saves taxpayers as you pointed out $4 billion. it's...
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Sep 24, 2012
09/12
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i'm not so sure they are going to win with obama this year. i think this is a much tougher one, but, you know, reagan -- i worked for reagan. reagan whooped them twice. george papa bush once and w. a couple of times. the country doesn't necessarily listen to hollywood on this political crap, do they? >> i hope not. i think that there is -- there is the demographic out there that just watches reality show and tv and they are creating fiction in hollywood and this endorsement of obama is based on some sort of fictional reality. i cannot believe swearing allegiance to obama. that's dictatorship. we swear allegiance to our republic. we don't swear allegiance to a person, any person or a president. we send them to washington, d.c., to be sworn to protect our constitution so there's -- there's a synap missing in hollywood, living in a surreal world and it's frightening that there may be a demographic out there that doesn't know any better. >> when you were in that game did, they try to thwart your career? >> well, you know, look, i can guarantee the
i'm not so sure they are going to win with obama this year. i think this is a much tougher one, but, you know, reagan -- i worked for reagan. reagan whooped them twice. george papa bush once and w. a couple of times. the country doesn't necessarily listen to hollywood on this political crap, do they? >> i hope not. i think that there is -- there is the demographic out there that just watches reality show and tv and they are creating fiction in hollywood and this endorsement of obama is...
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Feb 2, 2012
02/12
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years. in the late 1980s, you remember the capital gains tax was about 35% rate. we did not suffer. those are the years you think are very, very good years. in the 1950s under dwight d. eisenhower who nobody considered a socialist, we had a marginal income tax on the top earners, the equivalent of people earning a million today that was, if you include all of the deductions, all the tax credits, was about 52%, and the economy did fine. in fact, the economy grew in the 1950s faster than it grew today. >> the economy in the 1950s. >> why are you so concerned about raising tax when we have -- >> three recessions in the 1950s. >> we have a gigantic budget deficit. let's try to deal with that. >> all right, robert. i'm just going to repeat this. the economy in the 50s had three recessions. but what is different from the '50s and the '80s and the '90s is senator hutchison, i'll go to you on this. all these foreign governments have been slashing their corporate rates and capital gains rates. while
years. in the late 1980s, you remember the capital gains tax was about 35% rate. we did not suffer. those are the years you think are very, very good years. in the 1950s under dwight d. eisenhower who nobody considered a socialist, we had a marginal income tax on the top earners, the equivalent of people earning a million today that was, if you include all of the deductions, all the tax credits, was about 52%, and the economy did fine. in fact, the economy grew in the 1950s faster than it grew...
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Jul 31, 2009
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it turns out we have been in the bush-obama years, just didn't know it until we were nine years in. look back, nothing happened with stocks, inflation on the rise, doesn't mean you can't have lots of bull and bear markets a gigantic trading range, let's felt our definition straight. >> meanwhile as the dollar hits a new low value. >> not on a trading basis, diverse what currency? that's not true, peter. >> the dollar made a new low. >> it doesn't mean it made a new low. the dollar is what 10% of its lows? >> a new low for the year. the dollar is headed lower? so what. >> only if ron paul is president do we get to declare it a bull market. otherwise, we're on the gold standard and all that other stuff -- >> one at a time, one at a time. >> gary boyer, finish your thoughts. >> the dow jones went up because profits improved, because american business is smart and cut their costs. that was in this midst of an extremely deep recession. now, off the baseline of the incredible inventory adjustment, we're likely to get positive gdp in the third and fourth quarter, the top lines go up. that
it turns out we have been in the bush-obama years, just didn't know it until we were nine years in. look back, nothing happened with stocks, inflation on the rise, doesn't mean you can't have lots of bull and bear markets a gigantic trading range, let's felt our definition straight. >> meanwhile as the dollar hits a new low value. >> not on a trading basis, diverse what currency? that's not true, peter. >> the dollar made a new low. >> it doesn't mean it made a new low....
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Oct 3, 2012
10/12
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years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more economic growth. >> this is an assembled intellect of awesome proportions, probably nor since thomas jefferson dined alone. >> i feel like i'm bringing down the batting average on this team. >> you never do. let me ask you this. i was very surprised yesterday to learn that mitt romney was talking about tax policy to a local denver, colorado station where he essentially unveiled a new program with more details. he said his 20% tax cut would only allow $17,000 worth of deductions. if you have $17,000 bucket of deductio
years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more...
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Sep 5, 2012
09/12
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when barack obama and hillary clinton ran against each other four years ago. clinton is here because nobody has more credibility in politics on the economy and nobody can frame an argument better, as you see in this ad that began airing last month for president obama. >> the republican plan is to cut more taxes on upper income people and go back to deregulation. that's what got us in trouble. president obama has a plan to rebuild america from the ground up. >> larry, we have excerpts from what bill clinton will say tonight. he's going to say if you want a winner-take-all, you're on your own society vote republican. if uh you want a society of shared prosperity and we are all in this together, vote for president obama. this convention will hear from elizabeth warren, the consumer advocate. that will be in prime time and attempt to help the democratic ticket and help elizabeth warren in the senate race which could be important on election day in november. >> many thanks, john harwood. we appreciate it. >>> now, despite his much lauded years in often president cl
when barack obama and hillary clinton ran against each other four years ago. clinton is here because nobody has more credibility in politics on the economy and nobody can frame an argument better, as you see in this ad that began airing last month for president obama. >> the republican plan is to cut more taxes on upper income people and go back to deregulation. that's what got us in trouble. president obama has a plan to rebuild america from the ground up. >> larry, we have...
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Sep 20, 2012
09/12
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>> all right, jim, question, is this rally in the stock market over the past year signaling obama as our next president? this is the kudlow report. the fbi is on the ground in libya investigating last week's assault on our embassy there which resulted in the death of four officials including our ambassador. and today after more than a week of denials, the white house finally admits it was a terror attack. unfortunately they have been lying to us for more than a week for political campaign reasons and i think it's emperative that ambassador susan rice step down immediately. and going to ask homeland security team -- mitt romney, one reason why obama's polls are looking stronger could be the stock market owning investor class. he's very happy with a 25% gain just over the last year. and new studies show that stocks predict elections better than any other variable. but first up, after nine days, the u.s. government is finally calling the consulate attack in benghazi, an act of terrorism. the fbi now on the ground in libya. here's the latest. >> caller: good evening, larry, the fbi has a
>> all right, jim, question, is this rally in the stock market over the past year signaling obama as our next president? this is the kudlow report. the fbi is on the ground in libya investigating last week's assault on our embassy there which resulted in the death of four officials including our ambassador. and today after more than a week of denials, the white house finally admits it was a terror attack. unfortunately they have been lying to us for more than a week for political campaign...
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Jul 23, 2013
07/13
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and the obama years. >> yes. and i think that he will lean towards that leadership. my guess would be that he would lean towards what obama would put him in that position for. but i think that appointment would be very controversial in the market if not among other members of the fomc. i recognize that you say that there have been other prickley leaders at the federal reserve, but certainly larry can be opinionated, he can be very strong willed. in a collegial environment, such as the fed, when you've not come up within that environment, i question whether or not that's the appropriate environment, not to mention the market reaction to that level of uncertainty. >> it might be pretty positive. i'm not taking a position one way or the other, it's way too soon for that. i'm just interested particularly in larry summers and the dollar because the dollar was really strong during the clinton years. lately the dollar has improved but we haven't seen a strong dollar in 12 years, 15 years. so i just wonder. let us move o
and the obama years. >> yes. and i think that he will lean towards that leadership. my guess would be that he would lean towards what obama would put him in that position for. but i think that appointment would be very controversial in the market if not among other members of the fomc. i recognize that you say that there have been other prickley leaders at the federal reserve, but certainly larry can be opinionated, he can be very strong willed. in a collegial environment, such as the...
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Feb 9, 2013
02/13
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and this is something that whether it was in the clinton years or bush years or now the obama years, our polling consistently find people think if you cut government spending it's good for the economy. they haven't had anybody in washington articulating that view for a long time. but that is the public perception. it's not that these cuts are going to be a problem. they are a blessing. >> how is it that the public can be so much smarter on this question than the politicians, and you know who's, scott, the economists. economists say $85 billion spending cut will kill the economy. the white house is out today with one of these dire predictions. the old washington monument's going to fall. the whole country's going to go to hell. we're only going to increase spending by 5% instead of 30%. the public knows better. >> larry, that's the founding principle of our nation. that's why we're supposed to have consent of the governed. you're supposed to trust the common sense wisdom of the public. if we did we'd be a lot better off. >> now, the other thing that really interested me is that from y
and this is something that whether it was in the clinton years or bush years or now the obama years, our polling consistently find people think if you cut government spending it's good for the economy. they haven't had anybody in washington articulating that view for a long time. but that is the public perception. it's not that these cuts are going to be a problem. they are a blessing. >> how is it that the public can be so much smarter on this question than the politicians, and you know...
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Mar 28, 2014
03/14
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there's one thing we've learned from the obama years. taxes are bad for the economy. you know what else? regulation and crony capitalism can just choke an economy as -- i think we've seen too much of that. >> i've got to give you response time. >> thank you. >> because we have civil discourse on this show. but i will say this. it's interesting. my great friend jim cramer was on last night. jimmy was always a democrat. i was always the republican. but he is really furious with the red tape and he says it's holding back small businesses which are the big job creators. >> let me just say first of all that i feel incredibly privileged to be here with you because of all the folks that we've had on this set in our discussions i'm the one that disagrees with you and with them the most. and the fact that you've continued to come back and have these arguments with me is a testament to just how you're able to disagree without being disagreeable. and you don't see that a lot in this town. >> thank you. >> look, those kinds of -- >> start with obama. >> those kinds of platitudes
there's one thing we've learned from the obama years. taxes are bad for the economy. you know what else? regulation and crony capitalism can just choke an economy as -- i think we've seen too much of that. >> i've got to give you response time. >> thank you. >> because we have civil discourse on this show. but i will say this. it's interesting. my great friend jim cramer was on last night. jimmy was always a democrat. i was always the republican. but he is really furious with...
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Nov 6, 2012
11/12
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four years ago, obama the optimist. he was the candidate of hope and change. today, his negativism is translating into pessimism. a and i believe the american people do not want that. voting is the best revenge, obama said this past weekend. i don't get that. f. scott fitzgerald wrote, living well is the best revenge. what exactly is president obama's revenge? growing the government? taxing and relating more? attacking the rich? optimists believe in ingenuity, entrepreneurship, the spirit of gifted individuals who are free to use their god-given tall lebs to make our economy and society the business est it can be. the president seems not to take this view. mitt romney does. and romney believes that god granted natural rights to individuals and it is they who truly run the government and the country. it's a free enterprise view. it's a market view. it's a human action view. to my way of thinking, that makes romney the model optimist. he sets an optimistic goal of 4% growth, 12 million new jobs, he says he'll reduce and reform the tax system in ways that will re
four years ago, obama the optimist. he was the candidate of hope and change. today, his negativism is translating into pessimism. a and i believe the american people do not want that. voting is the best revenge, obama said this past weekend. i don't get that. f. scott fitzgerald wrote, living well is the best revenge. what exactly is president obama's revenge? growing the government? taxing and relating more? attacking the rich? optimists believe in ingenuity, entrepreneurship, the spirit of...
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Jun 8, 2012
06/12
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obama. it's been 9 worst week of the year for president obama. the best week for stocks. we're going to connect the stocks between obama's down and stock's up, but first the thor oy bred i'll have another won't have another. it was scrapped from ever capturing the triple crown. and there are business implications too. a news alert is coming up next. tdd# 1-800-345-2550 let's talk about the personal attention tdd# 1-800-345-2550 you and your money deserve. tdd# 1-800-345-2550 at charles schwab, that means taking a close look at you tdd# 1-800-345-2550 as well as your portfolio. tdd# 1-800-345-2550 we ask the right questions, tdd# 1-800-345-2550 then we actually listen to the answers tdd# 1-800-345-2550 before giving you practical ideas you can act on. tdd# 1-800-345-2550 so talk to chuck online, on the phone, tdd# 1-800-345-2550 or come in and pull up a chair. support team usa and show our olympic spirit right in our own backyard. so we combined our citi thankyou points to make it happen. tom chipped in 10,000 points. karen kicked in 20,000. and by pooling more thankyou po
obama. it's been 9 worst week of the year for president obama. the best week for stocks. we're going to connect the stocks between obama's down and stock's up, but first the thor oy bred i'll have another won't have another. it was scrapped from ever capturing the triple crown. and there are business implications too. a news alert is coming up next. tdd# 1-800-345-2550 let's talk about the personal attention tdd# 1-800-345-2550 you and your money deserve. tdd# 1-800-345-2550 at charles schwab,...
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Mar 27, 2014
03/14
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what country in the world thinks we are stronger today five years into the obama administration? that's just a sad fact, and vladimir putin is strong because we are weak. that's just a fact. >> i've got to leave it there. we are flat out of time. david axelrod, you're a great sport. i appreciate you coming on the show very very much form mary madeline as always. senator johnson will be around for a while, but now it's time for a very special moment for me. many of you know the "the kudlow report" actually started years ago as "kudlow & cramer" before we were both spun off to maximize profits, my great pal is going to here to join me.
what country in the world thinks we are stronger today five years into the obama administration? that's just a sad fact, and vladimir putin is strong because we are weak. that's just a fact. >> i've got to leave it there. we are flat out of time. david axelrod, you're a great sport. i appreciate you coming on the show very very much form mary madeline as always. senator johnson will be around for a while, but now it's time for a very special moment for me. many of you know the "the...
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Oct 7, 2013
10/13
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you put this thing up a couple years ago and president obama and the senate democrat s didn' want it. would you have taken the whole issue off the table. why were they against the passage of this that would have secured no default? >> by the way, i reintroduced it in this congress. it is still available to the senate democrat and president obama to make it literally him possible to have a default on our debt. i'm not worried that the treasury is actually going to default on its debt. the ongoing tax revenue is about 12 times the amount of money we owe in debt service. but i thought it was important to make a clear statement to the savers across america that under no circumstances including failure to raise the debt ceiling would we ever tdefault n our debt and they rejected it precisely because the president and this democratic senate unfortunately want to scare the american people, want to create this uncertainty all in an effort to intimidate republicans into giving the president huge additional borrowing authority with no conditions so he can continue the borrowing and spending and
you put this thing up a couple years ago and president obama and the senate democrat s didn' want it. would you have taken the whole issue off the table. why were they against the passage of this that would have secured no default? >> by the way, i reintroduced it in this congress. it is still available to the senate democrat and president obama to make it literally him possible to have a default on our debt. i'm not worried that the treasury is actually going to default on its debt. the...
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Oct 14, 2013
10/13
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obama care for a year or so, all that seems to be off the table. maybe there's a little obama care stuff in there, maybe. we don't even know that. maybe the republicans would have been better off taking a clean bill, clean debt ceiling right away, clean continuing resolution right away. they sure didn't get what they thought they were going to get. >> senate republicans expect harry reid to back off these sequestration requests. reid knows that will not pass the republican house. what the offer is right now as it stands is an extension of the debt ceiling and a funding bill for the government into early 2014, plus a budget conference. this would be further tax talks and entitlement talks later this year. that would be required as part of the deal. >> tyler? >> robert, whatever happened to the idea that these bills, a continuing resolution and a debt ceiling raise were going to have no strings attached until the democrats decided it was okay if they were my strings attached? >> what's happened now is that republicans have started at defund, they've
obama care for a year or so, all that seems to be off the table. maybe there's a little obama care stuff in there, maybe. we don't even know that. maybe the republicans would have been better off taking a clean bill, clean debt ceiling right away, clean continuing resolution right away. they sure didn't get what they thought they were going to get. >> senate republicans expect harry reid to back off these sequestration requests. reid knows that will not pass the republican house. what the...
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Dec 21, 2013
12/13
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. >>> president obama begins his year-end news conference by declaring victory on the economy, but he also said this about the rollout of obamacare. >> since i'm in charge, obviously we screwed it up. >> all right. he acknowledged that. he still insisted obamacare is going to be a net positive. really? he also said he doesn't pay attention to the polls. yet another new survey out today puts him at another all-time low. while the president boasted about obamacare, the failures and attempted fixes keep piling up. the latest change, an exemptoin for people who had their policies canceled. the whole individual mandate may be fall apart. meanwhile, the healthcare.gov website was down for at three hours today, just three days before the deadline to sign up for coverage on january 1st. >>> and getting back to the economy, the stock market still bullish on ben bernanke's taper, and a nice revision for the q-3 gdp to 4.1%. a lot of economists are parking up q-4 to 3%. so are soaring stocks predicting a big 2014? all those stories and much more coming up on "the kudlow report" beginning right n
. >>> president obama begins his year-end news conference by declaring victory on the economy, but he also said this about the rollout of obamacare. >> since i'm in charge, obviously we screwed it up. >> all right. he acknowledged that. he still insisted obamacare is going to be a net positive. really? he also said he doesn't pay attention to the polls. yet another new survey out today puts him at another all-time low. while the president boasted about obamacare, the...
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Feb 15, 2012
02/12
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today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on american companies. that is crazy. and inside that according to the budget is a $150 billion tax hike on u.s. profits overseas, exactly wrong. there is talk about a goebbels minimum tax, which is perhaps where that $150 billion tax hike comes from. that is also wrong. essentially these measures are penalizing american companies operating overseas. it create as double tax on their profits. i don't like any part of that. business is going to hate that. now, let's debate it. we have cnbc contributor, our great friend jared bernstein. we also have steve forbes, chairman and editor in chief of forbes media. gentlemen, thank you.
today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on...
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Nov 29, 2012
11/12
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years has done that kind of thing. maybe he'll do it this time around. he hasn't done that. he needs to watch lincoln. >> i think what you learn is you have to appeal to the higher motives of the congressman, make them know they're there for a purpose. they became politicians hopefully for a reason. so finishing somehow, doing something about the fiscal cliff would be a good thing to remember the rest of their lives but at the same time you have tie peal to their selfish interests, making them feel special, giving them what they need, putting them on plush assignments. churchill said democracy is the worst form of othgovernment, ext all the others that have been tried. >> it was interesting to me, thaddeus stevens, radicalist reconstructionist republican, so by the end of the thing he takes lincoln's advice and he pulls back a wee bit, that shocks everybody and that gives the amendment people, the 13th amendment supporters a lot of good ammunition. so you do sometimes, doris, have to pull back a little bit. you're not
years has done that kind of thing. maybe he'll do it this time around. he hasn't done that. he needs to watch lincoln. >> i think what you learn is you have to appeal to the higher motives of the congressman, make them know they're there for a purpose. they became politicians hopefully for a reason. so finishing somehow, doing something about the fiscal cliff would be a good thing to remember the rest of their lives but at the same time you have tie peal to their selfish interests, making...
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Jul 2, 2013
07/13
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they are now waiving obama care for large businesses for another year. and there's a lot of people around, howard, that think this thing's never going to get off the ground, there's no infrastructure in the states and they'll never finance it and therefore it'll die of its own way. why would you want to teach kids in schools as noelle said impressionable young kids, a system that didn't work? why would you want to do that? >> first of all, what you want to do is get -- sign people up for health care, that's what they're doing. secondly, this news is very good news in the long run. it's probably good for businesses in the short run. the reason it's so good, it begins the process of divorcing people from employer-based health care, which is a bad thing. which john mccain said in 2004 when he was running. this is -- this is a step -- excuse me 2008 when he was running. this is a step forward. i don't know what the administration's reasoning is doing this is, but i think it's going to a be a good thing. >> howard's right about john mccain. but what john mcca
they are now waiving obama care for large businesses for another year. and there's a lot of people around, howard, that think this thing's never going to get off the ground, there's no infrastructure in the states and they'll never finance it and therefore it'll die of its own way. why would you want to teach kids in schools as noelle said impressionable young kids, a system that didn't work? why would you want to do that? >> first of all, what you want to do is get -- sign people up for...
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Dec 24, 2009
12/09
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two things have gone up a lot under president obama in his first year. one is the national debt and the other is the unemployment rate. those are the two big problems. >> steve, i have enough respect for your financial integrity to think that you understand that the rise in unemployment that he inherited in january and that kept going was a legacy from george bush. it takes a while to turn that around. it is turning around, and when it does turn around, we're going to pay a very heavy price. >> this is a very important point. it's not me, it was the president and his economic team that said we want to have an unemployment rate of less than 8% if we pass. that's a big problem. >> and the unemployment rate is going to come down, it's going to come down to about 7%, i think, and we're going to see a mid-term election very different than what people are talking about right now. >> i agree with bob strum on that point. i do believe the economy is improving. i don't think they need a second jobs bill for that. i think the unemployment rate is going to go down.
two things have gone up a lot under president obama in his first year. one is the national debt and the other is the unemployment rate. those are the two big problems. >> steve, i have enough respect for your financial integrity to think that you understand that the rise in unemployment that he inherited in january and that kept going was a legacy from george bush. it takes a while to turn that around. it is turning around, and when it does turn around, we're going to pay a very heavy...
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Dec 20, 2013
12/13
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so under obama, 4 1/2 years after the recession ends, we haven't facility built up the j. american understand obama and other democrats who like to seduce part of the population into government dependency, and obamacare is part of that. people get up, go to work every day and are supporting themselves and helping build our economy, they sense that. they see that. they know that that is where obama is bringing us. >> listen. let me go to steve mcmahon for a second. a gallup poll, here's one, 72% of the people polled view big government as the greatest threat to america, and terry jeffrey touched on part of that. the dependency on big government. and obama goes on the campaign trail and talks about the economy, but always in terms of big government. all right? so, steve, he's got problems with obama care. he's got problems with big government. is that the reason why his polls are so lousy? and i will concede to you that the economy is somewhat better. i will make that concession. what about the rest of it? >> well, listen, i think the economy, and the length of time it's tak
so under obama, 4 1/2 years after the recession ends, we haven't facility built up the j. american understand obama and other democrats who like to seduce part of the population into government dependency, and obamacare is part of that. people get up, go to work every day and are supporting themselves and helping build our economy, they sense that. they see that. they know that that is where obama is bringing us. >> listen. let me go to steve mcmahon for a second. a gallup poll, here's...
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Nov 13, 2012
11/12
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>> well, i don't know but maybe we should listen to what president obama was saying last year. he was brag being the oil and gas development we have in the united states. we got to remind him about that when the new epa regulations come out. so we -- we want to make sure he doesn't bring out those old ozone regulations that he shell of ad couple of years ago because he said they would damage the economy. our economy is growing slower now than it was then. we are really regulating to disaster. >> epa in 2010, diana? $23 billion of regulatory costs for the year 2010. >> that's what epa says. it is really probably a lot more than that. i mean, thee regulations, the mercury, the car ever carbon, ozone, each cost $100 billion each. >> all right. >> they don't have to justify them with benefits because it is maximum achievable control technology. in other words, they want to get as much as they can out of the air and don't have to justify the benefits. >> all right. robert, let me bring you in. you got your own epa in california. and you got your own cap and trade in california. and
>> well, i don't know but maybe we should listen to what president obama was saying last year. he was brag being the oil and gas development we have in the united states. we got to remind him about that when the new epa regulations come out. so we -- we want to make sure he doesn't bring out those old ozone regulations that he shell of ad couple of years ago because he said they would damage the economy. our economy is growing slower now than it was then. we are really regulating to...
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Feb 23, 2012
02/12
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i'm impressed that the obama administration in year four, has found a marginal tax rate in year four. >> why did it happen after jared left? you didn't tell us what influence had you on biden and stuff? >> a lot of good stuff happened after i left. not sure what to make of that. >> one other things that bothers me, art laffer. why should manufacturing get subsidized. >> it should not. it's not being subsidized. it should be dropped from 35% to 28% for everything. get down to 12.5% broad-based tax and make it -- best would be a sales, if do you that, low rate, just like ireland and you will see a boom. i mean a boom. bring the money back. >> final comment here. so here is what i want to see from larry and art. i want to see the two of you standing up straight, tall, and firm, when it comes to accepting the base broadeners. if it's interest ductibility, accelerated depreciation. >> who can disagree. >> maybe not you guys. i don't want to see conservatives -- when we said broaden the base, we didn't mean this. >> jared -- >> first of all -- >> jared, i can't stand tall, i'm really short.
i'm impressed that the obama administration in year four, has found a marginal tax rate in year four. >> why did it happen after jared left? you didn't tell us what influence had you on biden and stuff? >> a lot of good stuff happened after i left. not sure what to make of that. >> one other things that bothers me, art laffer. why should manufacturing get subsidized. >> it should not. it's not being subsidized. it should be dropped from 35% to 28% for everything. get...
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Sep 17, 2012
09/12
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>> we did a report a few years ago, or i guess i did at the kaufman foundation that the obama administration embraced and mentioned in their economic report to the president new companies less than one year old create all the net new jobs in america. existing companies, larry whether two years old or 200, they are in the business of efficiency. they lose jobs. so we rely on that engine and obama has talked a lot about it. it's been a bipartisan issue. what i want to make a point in this report how they've performed. >> let's say brand new start ups have stopped or are there a few trickles or how does this play out? >> so there's been a steady level of job creation at start ups of 3 million a year. steady eddie number. been going on since 1977 as far back as the data goes. recessions, booms, 3 million has always been reliable. as you showed in that graphic that number dropped significantly by a third in the last three years. >> just in the last three years it's dropped by a third? >> yes. >> why is that? in all seriousness, why is that? >> that's the next report. we couldn't really try to do
>> we did a report a few years ago, or i guess i did at the kaufman foundation that the obama administration embraced and mentioned in their economic report to the president new companies less than one year old create all the net new jobs in america. existing companies, larry whether two years old or 200, they are in the business of efficiency. they lose jobs. so we rely on that engine and obama has talked a lot about it. it's been a bipartisan issue. what i want to make a point in this...
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Nov 14, 2013
11/13
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it was the speech on obama care for five years. i wanted to have something that says, we don't have republicans for problems. i want to goat your take on something. there's sufrl war going on between the so-called establishment is. maybe you're the establishment. i'm not sure of that. what's going to happen? how can these divisions get healed. >> first of all, it's not new. basically conservatives, mostly republican, totally fed up with the current state of affairs, legitimately angry and worried about the fate of the country. and i for one am glad that battle is taking place. >> i like a lot of their involvement and kerps. i think it's very important to listen to it concur but then drive in the lineup and i'll tell you we'll lose a lot. i don't want too see a third party develop on the downside. a republican party. >> can the republican party win unless it gets into these blue states. i don't point at distinctive, isn't it, because they're giving up 1/3 of it. go back to 2004, george bush and i carried 34 portion percent of the hu
it was the speech on obama care for five years. i wanted to have something that says, we don't have republicans for problems. i want to goat your take on something. there's sufrl war going on between the so-called establishment is. maybe you're the establishment. i'm not sure of that. what's going to happen? how can these divisions get healed. >> first of all, it's not new. basically conservatives, mostly republican, totally fed up with the current state of affairs, legitimately angry and...
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Aug 14, 2012
08/12
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four years ago, barack obama won the state by 14 points. our latest polling just before the ryan pick showed it was only a three-point lead for president obama. we're polling tomorrow night to find out what the impact of the ryan announcement will be. >> all right, even before this, it looked like ohio was very much in play. whether the old midwest will be. then it's obama 237 and romney 219. ohio is in play, isn't it, scott? >> sure is. right now, we just released some numbers today, 45% for obama, 45% for romney. ohio is one of the four core states that will really decide the election and that mitt romney needs to win. and right now, it is dead even. >> finally, ryan in the midwest, i like, let's see if i get this state right. i like the chances for iowa. i hope i hit iowa right. that would bring this to 237 to 225. these are all flyover states, but they're all important. i am i wrong? >> mitt rom noo wez up by two points in iowa, very close. obviously too close to call. but it could go for romney and ryan, certainly in the toss-up catego
four years ago, barack obama won the state by 14 points. our latest polling just before the ryan pick showed it was only a three-point lead for president obama. we're polling tomorrow night to find out what the impact of the ryan announcement will be. >> all right, even before this, it looked like ohio was very much in play. whether the old midwest will be. then it's obama 237 and romney 219. ohio is in play, isn't it, scott? >> sure is. right now, we just released some numbers...
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Apr 9, 2012
04/12
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we had a big explosion, the burden during the bush/obama years. and if we let all the tax cuts expire, we'd be telling the big spenders in washington that's a permanent victory. we're now going to raise revenues so you can then finance your next new spending binge. >> from the bill clinton/newt gingrich space, i believe spending got down to about 18% of gdp, it's drifting up towards 24%, 25% of gdp, put another ten points on for state and local government, if i'm not mistaken. where does that leave the economy? >> well, if you look at the oecd numbers, they say we're close to 40% of gdp, they're a little bit higher than the u.s. government figures or about 37%. that's obviously not that far from say germany, which is in the low 40s and then, of course, the next stage up is countries like germany, france, and greece. >> simon, i want to reform the tax code. i want to flatten the rates and get rid of the unnecessary deductions and loopholes. i don't want to support higher spending because i want us to outgrow europe. >> look, larry, i think you're a
we had a big explosion, the burden during the bush/obama years. and if we let all the tax cuts expire, we'd be telling the big spenders in washington that's a permanent victory. we're now going to raise revenues so you can then finance your next new spending binge. >> from the bill clinton/newt gingrich space, i believe spending got down to about 18% of gdp, it's drifting up towards 24%, 25% of gdp, put another ten points on for state and local government, if i'm not mistaken. where does...
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May 31, 2012
05/12
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now, that is obama's job, not ten years ago in massachusetts. this is the part i just don't get. maybe my panel can help me. we have former clinton white house aid keith boykin, wabc talk show host march simone, and conservative attorney and blog founder john hinderracker. thank you very much. it's great to have you back while i'm here. what is -- what is this all about? you know, the idea, romney comes out with a 4.7% unemployment rate, a balanced budget, no tax hikes, obama should be so lucky to even remotely have a 4.7% unemployment rate. i don't understand his policies because this country's not doing well and he won't face up to it. what is this all about? >> exactly right, larry. obama can't even dream about a 4.7% unemployment rate. what's going on here, larry, is the fundamental problem is that obama can't talk about his own record. and that's why we see all these attacks on mitt romney, whether it's his time at bain, his term as governor of massachusetts, putting the dog on the roof of the car, you know -- obama can talk about anything other than his own record. that's w
now, that is obama's job, not ten years ago in massachusetts. this is the part i just don't get. maybe my panel can help me. we have former clinton white house aid keith boykin, wabc talk show host march simone, and conservative attorney and blog founder john hinderracker. thank you very much. it's great to have you back while i'm here. what is -- what is this all about? you know, the idea, romney comes out with a 4.7% unemployment rate, a balanced budget, no tax hikes, obama should be so lucky...
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Feb 11, 2010
02/10
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does he have any clue about what american heart's -- next year obama actually had some nice things to the about but does he really get it and why is he going there? >>> washington, d.c. may be buried under the snow and official business cloegsed, but that didn't stop the financial clashes. >> as you know, the snowstorm has basically shut down washington all week, but it's a good moment to sit back and reflect what's happened to president obama over the last year. if you look at the numbers on the cbs poll, you can see how he's handling the country. a 5% edge on the first one. they have a huge administration to do in advance of elections. he tried to make a case that the economic situation would be much worse without the steps the add manipulation has taken. ben bernanke says the cost has dropped to $120 billion. the banks have been able to raise another $140 billion in capital, another $60 billion in debt. so larry, the political argument the administration has to make is tough when unemployment is so high and economic conditions are so weak, but that's what they're trying to do to pu
does he have any clue about what american heart's -- next year obama actually had some nice things to the about but does he really get it and why is he going there? >>> washington, d.c. may be buried under the snow and official business cloegsed, but that didn't stop the financial clashes. >> as you know, the snowstorm has basically shut down washington all week, but it's a good moment to sit back and reflect what's happened to president obama over the last year. if you look at...
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Sep 17, 2009
09/09
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they bitterly opposed it when they saw president obama in europe earlier this year. it looks like president obama in his first year has in, effect given russia what they wanted, larry. >> wait a second. he did what's best for the united states. will that have a spinoff with russia? certainly. russia saw the radars in the czech republic and the missiles in poe lantd as a threat to their own nuclear security, but just because it has that effect doesn't mean you shouldn't do it. this was recommended by the joint chiefs of staff, our intelligeninte intelligence community and supported by bob gates in terms of dealing with russia. now, i think you have to be careful, i agree with michael. the announcement kind of came out of the blue. i think we should have called in the president of the czech republic at midnight and tell him -- i don't think that was well handled at all. >> what is madison guaranty saying in iran? iran is essentially a military-run government. that's what we have learned, michael. you have written about this. what are those guys saying. these short-term
they bitterly opposed it when they saw president obama in europe earlier this year. it looks like president obama in his first year has in, effect given russia what they wanted, larry. >> wait a second. he did what's best for the united states. will that have a spinoff with russia? certainly. russia saw the radars in the czech republic and the missiles in poe lantd as a threat to their own nuclear security, but just because it has that effect doesn't mean you shouldn't do it. this was...
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Aug 27, 2012
08/12
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barack obama carried it four years ago. there are a good number of swing voters who elected bill clinton. the economy is not better and the budget isn't balanced like it was under clinton. they need to admit they made a mistake. >> i was at dinner last night with michael barone. he's got his ipad. i think it was around dessert. he's got the ipad and comes across a michigan poll from inside michigan showed romney and obama dead heat even. that blew me away. >> who would have thought it a year ago? >> i wouldn't have thought it 90 days ago. is this a case of truth telling? b, is paul ryan is guy? i know mitt romney has family history in michigan, but is ryan the guy to work the whole mid western area? >> yes. it's even bigger than his mid western roots. i think the most important thing about mitt romney's pick paul ryan is not what it says about paul ryan but what it says about mitt romney. you heard talk about the resumÉ. the private sector experience, turning the olympics around. creating more jobs. those are great things.
barack obama carried it four years ago. there are a good number of swing voters who elected bill clinton. the economy is not better and the budget isn't balanced like it was under clinton. they need to admit they made a mistake. >> i was at dinner last night with michael barone. he's got his ipad. i think it was around dessert. he's got the ipad and comes across a michigan poll from inside michigan showed romney and obama dead heat even. that blew me away. >> who would have thought...
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Oct 22, 2012
10/12
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president obama is flimflamming on this issue for four years. >> no disrespect. we tried the repatriation under the bush era, okay. it did not create jobs? >> short-term amnesty, not a long-term solution, and the president i think would be for corporate repatriation to lower tax rates for jobs if we could close loopholes. you can't bring over the trillion and then say we're going to be deficit neutral. that does not work >> i think it can be taxed overseas and not double taxed. why is it that president obama briefly talked about the kind of corporate tax reform that tom is talking about and mitt romney talked about. i talk to tim geithner, the treasury secretary, and they never followed through and when you don't follow through for several years running, makes me think they don't mean it, that they are really being forked tongue rather than straight with me. >> what bothers me when you're running for office for the first time you can talk about your plans. when you've been president for four years you talk about your performance and you can look away at 239 ameri
president obama is flimflamming on this issue for four years. >> no disrespect. we tried the repatriation under the bush era, okay. it did not create jobs? >> short-term amnesty, not a long-term solution, and the president i think would be for corporate repatriation to lower tax rates for jobs if we could close loopholes. you can't bring over the trillion and then say we're going to be deficit neutral. that does not work >> i think it can be taxed overseas and not double...
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Oct 23, 2009
10/09
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's what obama is projecting in the good years. social security and medicare are going to be pushing us into a fiscal crisis and there's no will to do anything. >> we rely on the kindness of strangers, foreign official entities by a lot of those treasury securities. if they see the path as unending, they might start to slow up toez purchases, the federal reserb, just when it's worried most about the domestic economy gets a force of external inflation pressures. it's going to be caught between a rock and a hard place. >> we have had a lot of signs of economic recovery. there's no question about that. gdp is going to go up in the third quarter, i don't know, 3%, %. something like that. it's going to go up at least the next year. we have very strong home sales reports today. existing home sales were stock. the leading indicators are very strong. and of course, the stock market which lost a little ground this week has been on a tear for over six months. how much are deficits and pressures on the fed going to impact economic recovery. >
's what obama is projecting in the good years. social security and medicare are going to be pushing us into a fiscal crisis and there's no will to do anything. >> we rely on the kindness of strangers, foreign official entities by a lot of those treasury securities. if they see the path as unending, they might start to slow up toez purchases, the federal reserb, just when it's worried most about the domestic economy gets a force of external inflation pressures. it's going to be caught...
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Dec 6, 2013
12/13
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i will say this a lot of dissatisfaction with president obama this year in particular, 2013, has been a lot because of there has been a lot of transparency issues with the obama administration with a lot of criticism on drone striking and a lot of criticism on his nsa policies as shown in the snowden scandal this last summer. you know, it is in the interest of a state to be able to protect its citizens from internal threats, and in that sense, a lot of things that president obama had to do with the nsa were justified. however, there were very, very far-reaching implications. >> actually, i agree with you on that, although it's tricky business. >> it's tricky business. >> to know where to draw the line. obama or obama care, or nsa, i'll give you options here, because you will admit the polls are plunging and sort of breath-taking to watch this happen. >> okay. i think we need to rewind a bit and just view what the youth, my generation, millenial generation, still holds true to their hearts. we still agree with president obama on the issues important to our generation. we still agree wi
i will say this a lot of dissatisfaction with president obama this year in particular, 2013, has been a lot because of there has been a lot of transparency issues with the obama administration with a lot of criticism on drone striking and a lot of criticism on his nsa policies as shown in the snowden scandal this last summer. you know, it is in the interest of a state to be able to protect its citizens from internal threats, and in that sense, a lot of things that president obama had to do with...
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Sep 23, 2013
09/13
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i think that has to pass at least the house in order to make the other part, a one-year delay of obama care possible. >> i want to see the debt ceiling raised because i don't want to mess with that, never believed in that. having said that, can they get, is there a legislative way to get a vote on a one-year delay of the individual mandate? let me say this again, john fund. congress and its staff exempting themselves from obama care, that is really unpopular. the lack of verification, really unpopular, the lack of security for personal information, really unpopular, the exchanges themselves are nowhere ready. in other words, john, having exempted business and having watched labor squealing left and right, i think there's a lot of popular support, matt miller, for a delay of the individual mandate. >> again, we just -- we just disagree, larry. there's already exemptions for people for whom the mandate would be a hardship because their premiums would be too high a percent of income. you're talking about 20 million to 30 million people getting subsidies to buy private insurance if they ar
i think that has to pass at least the house in order to make the other part, a one-year delay of obama care possible. >> i want to see the debt ceiling raised because i don't want to mess with that, never believed in that. having said that, can they get, is there a legislative way to get a vote on a one-year delay of the individual mandate? let me say this again, john fund. congress and its staff exempting themselves from obama care, that is really unpopular. the lack of verification,...
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Aug 24, 2012
08/12
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obama ran he talked about entitlement reform. in the first year he talked about it. instead we have obamacare, new entitlement. what happened here is more government dependency. half the households in this country now are dependent upon government transfer payments. an extraordinary statistic, social security disability insurance, 3.6 million people -- a record number increase -- have gone in there. that's unemployed people. if you put it back in uh you would have 10 or 11% unemployment. what happened? we are becoming a nation of government dependency instead of solving the debt bomb of entitlements going bankrupt. >> i personally don't think the answer is to hurt anybody or reduce benefits or this kind of thing. you can slow the rate of growth. but the most important thing is to get more people working and have jobs and opportunities and bring money into the system. then you're going to be in a better position than we are in now. right now, if you just keep doing things the same old way and putting more people on the dependency programs then we are going to end up w
obama ran he talked about entitlement reform. in the first year he talked about it. instead we have obamacare, new entitlement. what happened here is more government dependency. half the households in this country now are dependent upon government transfer payments. an extraordinary statistic, social security disability insurance, 3.6 million people -- a record number increase -- have gone in there. that's unemployed people. if you put it back in uh you would have 10 or 11% unemployment. what...
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Sep 26, 2013
09/13
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we've been trying to have this debate about how to fix obama care or get rid of it for three years. so the fact that we're now bumping up against the spending limit, it is strange to be making the argument. if we can figure out a way to find that sweet spot to get changes to obama care, to get delays in obama care, i think folks might be surprised with what we can agree on. >> larry, look -- >> i thought for sure you would om out with something tonight on the show, mick. i'm so disappointed. >> name the conferrees who will be at that conference table to get a budget done where we can cut in certain area, belt-tighten, reduce the deficit, invest where we must after we cut where we can. that's the way we should have done business. and now to bring this about in the 11th hour and hold up the process, you know what your viewers are about. they want to invest in a market that is strong. they don't want to have the economy weakened. we should not tinker with this economy in that way, risking the full faith and credit of this country is uncalled for and unacceptable. >> and i don't see any
we've been trying to have this debate about how to fix obama care or get rid of it for three years. so the fact that we're now bumping up against the spending limit, it is strange to be making the argument. if we can figure out a way to find that sweet spot to get changes to obama care, to get delays in obama care, i think folks might be surprised with what we can agree on. >> larry, look -- >> i thought for sure you would om out with something tonight on the show, mick. i'm so...
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Mar 10, 2014
03/14
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i think they might turn obama's last two years in to more of a lame duck. >> i regard it as very optimistic for a whole bunch of reasons. thanks for helping us. larry glazer, jeff kleintop. terrific stuff. that's it for this evening's show. thanks for watching. i'm larry kudlow. we'll be back tomorrow night. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. [ male announcer ] find out how fast aflac can pay you so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. impact wool exports
i think they might turn obama's last two years in to more of a lame duck. >> i regard it as very optimistic for a whole bunch of reasons. thanks for helping us. larry glazer, jeff kleintop. terrific stuff. that's it for this evening's show. thanks for watching. i'm larry kudlow. we'll be back tomorrow night. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine...
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Jun 3, 2013
06/13
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united church, defending an obama speech years ago because there was a nonprofit and he got paid. what do you make of this wilkins character? his name really hasn't come up yet. >> it hasn't that much. she also a former democratic staff on capitol hill. so he's a partisan democrat, not that that necessarily matters all that much. what's interesting too about his position, if he's the chief counsel of the irs. let's say he knew about the dating back farther than the agency has let on, then the next question that logically follows is, well, if he is the chief counsel, who is he telling? who is he talking o? as a top lawyer, you'd think he'd want to keep his top bosses informed. >> he told the deputying is treasury, i have worked there, he told timothy geithner the former treasury secretary and i will believe wilkins went to the white house to tell the white house counsel who then told the chief of staff who then they say didn't tell obowl t. point i want to ask you, guy, there a lead here? or are we stopping? in other words, is there a fence jump into the white house or do we stop a
united church, defending an obama speech years ago because there was a nonprofit and he got paid. what do you make of this wilkins character? his name really hasn't come up yet. >> it hasn't that much. she also a former democratic staff on capitol hill. so he's a partisan democrat, not that that necessarily matters all that much. what's interesting too about his position, if he's the chief counsel of the irs. let's say he knew about the dating back farther than the agency has let on, then...
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Nov 20, 2012
11/12
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and with obama in for another four years, the incentive to commit capital is huge so if the wall street journal said today, investments falling off a cliff. and finally the thing we should be really scared about is the best move for israel not to invade gaza but to attack the dog's owner, namely iraq. >> joe, i know you're going to sing the praises of better housing. and you'd be right. housing is better. you can't have a real recovery. do you know that core capital goods investment today is lower than it was in 2007 and lower than it was in 1999 and 2000? why is it that businesses won't make long term investments any more? that tells me this is a so-called recovery. >> you guy will try to make me defend the administration's policy and the fiscal cliff and i'm not going to do it. business spending has been weak. a lot of it has been due to what transpired over the spring and summer with europe. as we moved towards the election, sentiment has gotten weaker and there has been a shut in of activity. housing has been really strong recently and that was the missing lichk through much of the
and with obama in for another four years, the incentive to commit capital is huge so if the wall street journal said today, investments falling off a cliff. and finally the thing we should be really scared about is the best move for israel not to invade gaza but to attack the dog's owner, namely iraq. >> joe, i know you're going to sing the praises of better housing. and you'd be right. housing is better. you can't have a real recovery. do you know that core capital goods investment today...
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Mar 15, 2013
03/13
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in other words, i asked ryan, right, the guy has lunch with obama. first time in four years plus. ryan, can you make a deal with this guy? can there be a grand design? should you try for a deal? ryan says yeah, i'm cautiously optimistic. he's coming to the table. i heard the same thing from senator johnson. guys are telling me that obama has got a completely different attitude now. i want to try to persuade you of that. things are possible. things may be moving out there. >> i agree with that. and by the way, back when they were setting up that sequester, you may recall some of the purists conservatives were denouncing republicans for agreeing to the sequester and they ought to just cut spending and they should just put their foot down and shut the government down. no i was for the sequester because i knew that wouldn't happen. the sequester has put republicans in a fantastic position. it's obama allowing the sequester to go into effect by refusing to do anything except for raise taxes. republicans have already raised taxes one time. that wasn't enough. now obama is still continui
in other words, i asked ryan, right, the guy has lunch with obama. first time in four years plus. ryan, can you make a deal with this guy? can there be a grand design? should you try for a deal? ryan says yeah, i'm cautiously optimistic. he's coming to the table. i heard the same thing from senator johnson. guys are telling me that obama has got a completely different attitude now. i want to try to persuade you of that. things are possible. things may be moving out there. >> i agree with...
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Dec 13, 2012
12/12
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care years ago are saying we have to get rid of this thing. >> there's a better one, igor. i know you're going to argue the other side but there's a better one. senator elizabeth warren may be the most left senator we have had in decades. she's become an anti-tax supply sider. you know why? there are over 400 medical device companies in massachusetts. 400 of them. and she, therefore, doesn't want to tax them one bit. now, my question to her and to you is why don't you apply the exact same logic, high taxes, job killers, to the rest of the economy, including obama care tax hikes and including fiscal cliff tax hikes. where's the largic of this position or is it just hypocritical sweetheart deal stuff? >> i don't agree it's a tax killer. the taxes are put into place that the sectors of health care benefit reform, insurers, hospital, medical device companies hoar going to see gain when you have 30 million americans going into the health care system that they also help keep the law sustainable. >> but, wait, i don't understand. we're talking about taxes. come back to the main po
care years ago are saying we have to get rid of this thing. >> there's a better one, igor. i know you're going to argue the other side but there's a better one. senator elizabeth warren may be the most left senator we have had in decades. she's become an anti-tax supply sider. you know why? there are over 400 medical device companies in massachusetts. 400 of them. and she, therefore, doesn't want to tax them one bit. now, my question to her and to you is why don't you apply the exact same...
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Dec 20, 2012
12/12
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barack obama and mitt romney ran a campaign for the last year. barack obama talked about one thing -- >> jimmy, this isn't about the campaign. this is about boehner's plan b. >> joe, do you want me to finish? >> yeah. >> your point about the campaign is great. my point is we're really here on capitol hill debating something different than the campaign. it's about boehner and plan b. does this change the debate? i think it does. i think obama is going to have to react to what the house republicans are doing and try to close this deal. >> bob or jimmy, will the house pass it? >> i think the house will pass it. the whip count is reportedly very close just on capitol hill. i think bainler get it passed and that puts the pressure on the senate and the president to come up with an appropriate response. >> it's weird, jimmy. they call it farsicle. nancy pelosi loved the idea for a while. i guess your idea is it doesn't have any spending cuts the president all along has been saying we need to make sure the middle class gets a tax hike. none of the middle
barack obama and mitt romney ran a campaign for the last year. barack obama talked about one thing -- >> jimmy, this isn't about the campaign. this is about boehner's plan b. >> joe, do you want me to finish? >> yeah. >> your point about the campaign is great. my point is we're really here on capitol hill debating something different than the campaign. it's about boehner and plan b. does this change the debate? i think it does. i think obama is going to have to react to...
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Dec 5, 2013
12/13
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there's a country that's been running the obama playbook for 20 years. it's tough to fire people. that country is called japan. how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial problems that we had. what he was talking about was a connection between high income inequality, stagnant incomes for the middle class and diminished opportunity, diminished opportunity. that's what you have left out. that's essential because, look, the three of us will all agree that we in america don't push for equal outcomes but we do believe there ought to be some equality of opportunity. when inequality gets too high, opportunity gets squashed. >> that's wrong. i know that's
there's a country that's been running the obama playbook for 20 years. it's tough to fire people. that country is called japan. how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references...